Search found 4806 matches

by HueyLD
Fri Apr 28, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Law Changes
Replies: 13
Views: 544

Re: Tax Law Changes

afan wrote:I see several locked posts speculating about tax law changes.

Maybe the moderators could post a reminder about forum rules?


viewtopic.php?f=3&p=3346821#p3346821
by HueyLD
Fri Apr 28, 2017 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Ready to consolidate at Fidelity -- any gotchas about transfers?
Replies: 4
Views: 259

Re: Ready to consolidate at Fidelity -- any gotchas about transfers?

Why not walk into your local Fidelity office and ask these questions? With you bringing in a multimillion dollar portfolio they should wait on you hand and foot. Not everyone lives in a city big enough to have a Fidelity office. However, it is a good idea to go to a local office (if there is one) a...
by HueyLD
Thu Apr 27, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: CCRC Tax Deduction?
Replies: 8
Views: 424

Re: CCRC Tax Deduction?

I won't speculate on possible future tax law changes. However, I have done tax returns for those in a CCRC facility. The facility provided the residents with the amount of medical expenses calculated from each resident's entrance fee and monthly service fee. In addition, fees paid by residents for e...
by HueyLD
Wed Apr 26, 2017 10:55 am
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 96
Views: 7615

Re: Vanguard has switched to brokerage only accounts

FreeAtLast wrote:What happens if I refuse to give Vanguard permission to switch my mutual fund accounts (which is what they all are) to brokerage? :annoyed

Have you called Vanguard yet? They should be able to give you a definitive answer.
by HueyLD
Tue Apr 25, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Transferring DAF funds from VG to Fidelity
Replies: 9
Views: 479

Re: Transferring DAF funds freom VG to Fidelity

livesoft wrote:I don't know the answer, but find the question interesting, so I am following along. I have a guess, but I will keep it to myself for the moment.

What's your guess? Please share!!
by HueyLD
Tue Apr 25, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Car sharing with neighbors and liability
Replies: 15
Views: 1420

Re: Car sharing with neighbors and liability

How to insure the thing and not jeopardize financial protections is the question. We are of significantly different financial situations and my nightmare scenario is one of the less wealthy drivers plowing into a van of surgeons and disabling the lot of them. I do have umbrella coverage ($5 million...
by HueyLD
Tue Apr 25, 2017 10:25 am
Forum: Personal Consumer Issues
Topic: co-worker had a baby, chipping in on gift- how much?
Replies: 57
Views: 2944

Re: co-worker had a baby chipping in on gift- how much?

It appears to be a common practice to be asked to give money or buy something for various life events in a work place.

I treat it as necessary work related expenses and give amounts appropriate for the relationship. So, $20 may be very appropriate for someone you work closely with.
by HueyLD
Tue Apr 25, 2017 10:08 am
Forum: Investing - Theory, News & General
Topic: Is $20K I-Bonds considered cash or bond?
Replies: 62
Views: 4110

Re: Is $20K I-Bonds considered cash or bond?

I am planning to buy $20K in I-bonds in each of His+Her accounts either before/in May. Just to clarify - did you mean to say that you plan to buy $10k in each account? As you know, the annual purchase limit per person/entity is $10k. So, you can buy $10k for yourself, $10k for your wife, $10k for y...
by HueyLD
Mon Apr 24, 2017 10:08 am
Forum: Investing - Theory, News & General
Topic: Is $20K I-Bonds considered cash or bond?
Replies: 62
Views: 4110

Re: Is $20K I-Bonds considered cash or bond?

BanditKing wrote:I consider mine part of my emergency fund, so they are ignored as part of my overall asset allocation.

Should the balance ever reach levels that exceed my EF need, then I'd consider them to be fixed-income/bonds.

I like the above approach.
by HueyLD
Sun Apr 23, 2017 4:09 pm
Forum: Investing - Theory, News & General
Topic: Is $20K I-Bonds considered cash or bond?
Replies: 62
Views: 4110

Re: Is $20K I-Bonds considered cash or bond?

The practical definition of cash is very individualized. I consider paper I bonds "bonds" because it is virtually impossible to find a financial institution in my area that will cash them. And sending paper ones to the Treasury Retail Division could take months. So, I treat paper bonds as ...
by HueyLD
Sun Apr 23, 2017 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 169
Views: 17906

Re: Any regrets living a frugal life for high income/high networth individuals?

No regrets.

The ability to retire when one is still young and active is priceless. It is possible because of frugal lifestyle during one's work years.
by HueyLD
Sat Apr 22, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: IRA One-Rollover-Per-Year Rule
Replies: 6
Views: 379

Re: IRA One-Rollover-Per-Year Rule

Twice this year I did a trustee to trustee transfer from an old 401k to a Vanguard IRA. I still have money left in the old 401k and want to do a third transfer. I am confused on the IRA one-Rollover-Per-Year Rule. I think I am fine because it appears that trustee to trustee transfers do not apply b...
by HueyLD
Sat Apr 22, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: Ally Bank Just Raised 5yr CD to 2.25%
Replies: 28
Views: 3800

Re: Ally Bank Just Raised 5yr CD to 2.25%

The big problem I have with TIPS is that the brokers can't seem to get the OID and ABP bookkeeping right. We've gotten five 1099 corrections from our brokers this year and all the corrections concerned TIPS.

Who is the broker? Vanguard?
by HueyLD
Sat Apr 22, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Taxation of Treasury Bills (Question)
Replies: 8
Views: 565

Re: Taxation of Treasury Bills (Question)

This question assumes a taxable account. Treasury bills are sold at a price less than face value and the investor (who owns the security) receives the face value at maturity. The investor may sell prior to maturity and receive more or less (usually less) than the face value. My question is how is t...
by HueyLD
Fri Apr 21, 2017 10:33 am
Forum: Investing - Theory, News & General
Topic: Tax Reform and Impact on 401(k) [Wall Street Journal article]
Replies: 11
Views: 1130

Re: Tax Reform and Impact on 401(k)

fishmonger wrote:Trying to predict tax reform is a fool's errand..

+1 well said.
by HueyLD
Thu Apr 20, 2017 5:11 pm
Forum: Personal Consumer Issues
Topic: Costco battery replacement possible after a year and half?
Replies: 11
Views: 971

Re: Costco battery replacement possible after a year and half?

Per Costco.com: Limited Warranty Costco Wholesale provides this limited warranty to the original purchaser. This battery, when used in a passenger vehicle corresponding to or smaller than the vehicle manufacturer's recommended size and capacity, is free of defects in material and workmanship. This l...
by HueyLD
Thu Apr 20, 2017 10:27 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodby."
Replies: 332
Views: 33937

Re: Larry Swedroe says "Goodby."

Thank you Larry. May you have a wonderful retirement. You earned it.
by HueyLD
Mon Apr 17, 2017 8:00 pm
Forum: Personal Consumer Issues
Topic: Is my electric bill high?
Replies: 60
Views: 5231

Re: Is my electric bill high?

I'm in Southern California, in a 2500 sq. ft. house. Just the electricity part of my utility bill averages 1500 kWh/month which is about $300. It's always seemed high to me but I have no basis for comparison. Would love to hear usage and charges/month from other members! Added detail: I have a pool...
by HueyLD
Mon Apr 17, 2017 9:55 am
Forum: Personal Consumer Issues
Topic: Telephone Problem
Replies: 10
Views: 732

Re: Telephone Problem

What kind of "old" phone do you have? The old Ma Bell touch tone phone?
by HueyLD
Mon Apr 17, 2017 9:28 am
Forum: Personal Finance (Not Investing)
Topic: How Easy is an Obamacare Tax Penalty Exemption?
Replies: 18
Views: 966

Re: How Easy is an Obamacare Tax Penalty Exemption?

In this thread ( https://www.bogleheads.org/forum/viewtopic.php?f=2&t=205527 ), the OP said that he has excellent health insurance through a foreign insurer that fully covers me in the US. To the OP, the hardship application form requires you to sign and certify as follows: "I agree that: •...
by HueyLD
Sat Apr 15, 2017 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Is it possible to purchase an i-Bond with a co-owner and a beneficiary?
Replies: 2
Views: 277

Re: Is it possible to purchase an i-Bond with a co-owner and a beneficiary?

If I had a TreasuryDirect account, will I be able to purchase i-bonds and specify my wife as co-owner and my child as beneficiary? I read that you can register an i-bond with a co-owner or with a beneficiary, but not with both. You cannot have a co-owner for TD savings bonds. Rather, you can have a...
by HueyLD
Sat Apr 15, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 10982

Re: My kids don't care about saving

Give your young adult children a break. Don't tell them what to do. Suggest instead.

And yes put Christmas money in their IRA ILO cash.

They will come around someday.
by HueyLD
Tue Apr 11, 2017 10:49 pm
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 85
Views: 12188

Re: You can never go "home" - retirement

Brad,

What's wrong with renting?
by HueyLD
Tue Apr 11, 2017 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking up with my Financial Advisor
Replies: 37
Views: 2455

Re: Breaking up with my Financial Investor

I contacted Vanguard first, signed the papers, and got the transfer under way. That meant the decision was already done and there was nothing to discuss with the FA. I then did contact the FA, not so much out of courtesy but because I wanted to ensure their cooperation in the transfers. Here is wha...
by HueyLD
Tue Apr 11, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard RMD Service
Replies: 9
Views: 1117

Re: Vanguard RMD Service

Page 14 under "distribution options."
by HueyLD
Tue Apr 11, 2017 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard RMD Service
Replies: 9
Views: 1117

Re: Vanguard RMD Service

If the OP has lots of ETFs in his IRA account and does not want to sell those positions, he may want to skip the RMD service and ask for "in-kind transfer" instead. I remember reading a while back that one could ask for an in-kind transfer and Vanguard would move an investment (e.g. indivi...
by HueyLD
Tue Apr 11, 2017 11:59 am
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 85
Views: 12188

Re: You can never go "home" - retirement

Kitty Telltales wrote:One problem aboutgoing back at this point is that my not-so-nice sister has also moved back to town and she would make for a bad neighbor.

LOL!!
by HueyLD
Tue Apr 11, 2017 10:28 am
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 85
Views: 12188

Re: You can never go "home" - retirement

Going "home" is easier said than done. You were a child then, but you are an adult now. You may not know anyone back "home" and your home town may not be suitable for your adult self. If you really want to fulfill your dream, rent a place there for the coldest six months of the y...
by HueyLD
Tue Apr 11, 2017 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard RMD Service
Replies: 9
Views: 1117

Re: Vanguard RMD Service

You can take your RMD amount only from Vanguard mutual funds.

See https://personal.vanguard.com/pdf/s316.pdf?2210068614
by HueyLD
Tue Apr 11, 2017 8:47 am
Forum: Personal Consumer Issues
Topic: Combatting mosquitoes traveling in S. America
Replies: 37
Views: 1842

Re: Combatting mosquitoes traveling in S. America

(btw, Honduras is in North America). You ought to meet halfway on this. Honduras is actually in Central America. Here is a map of Central America. https://www.google.com/search?q=map+of+central+america&ie=utf-8&oe=utf-8 I agree with the suggestion of a mosquito net for the bed and plenty of...
by HueyLD
Sun Apr 09, 2017 6:25 am
Forum: Personal Finance (Not Investing)
Topic: Telling Family About Daughters 529 For Gifts
Replies: 52
Views: 3488

Re: Telling Family About Daughters 529 For Gifts

Your kids having received too many toys is definitely a first world problem. There may not be much you can do about it. However, you can start by being the leader of your family's "go fund my 529" movement. In other words, don't give your family members' kids toys. Instead, set up or contr...
by HueyLD
Sat Apr 08, 2017 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Revocable Living Trust.....Listing of Assets
Replies: 7
Views: 862

Re: Revocable Living Trust.....Listing of Assets

The purpose of a list is for yourself (when you get older), your spouse, your successor trustee and your beneficiaries to track down assets when the time comes. So, you should keep it updated regularly. Pick a date in a year (such as your birthday) and update the list as needed. It will help everyon...
by HueyLD
Tue Apr 04, 2017 10:16 am
Forum: Investing - Theory, News & General
Topic: Beneficiaries/TOD for Vanguard Joint Account
Replies: 15
Views: 688

Re: Beneficiaries/TOD for Vanguard Joint Account

I just checked our joint taxable account, and I have "primary" beneficiary (wife), and "secondary" beneficiaies ( our daughters). Not sure why you can't set it up. Vanguard does state you don't need beneficiaries for joint account, but I have them. Very interesting. Is your acco...
by HueyLD
Tue Apr 04, 2017 10:13 am
Forum: Investing - Theory, News & General
Topic: Beneficiaries/TOD for Vanguard Joint Account
Replies: 15
Views: 688

Re: Beneficiaries/TOD for Vanguard Joint Account

letsgobobby wrote:This is not a taxable event, correct?

Correct provided that the owners of the joint account are the same as the trustors of the trust.
by HueyLD
Tue Apr 04, 2017 9:10 am
Forum: Investing - Theory, News & General
Topic: Beneficiaries/TOD for Vanguard Joint Account
Replies: 15
Views: 688

Re: Beneficiaries/TOD for Vanguard Joint Account

what is involved in moving jointly held taxable assets at VG to a trust? It will be a slow process. First, you need to have a trust set up. Second, call vanguard and ask which form(s) you need to fill out. There are different forms for brokerage vs. MF only accounts. Medallion sig. gty. may be requ...
by HueyLD
Mon Apr 03, 2017 4:53 pm
Forum: Investing - Theory, News & General
Topic: Beneficiaries/TOD for Vanguard Joint Account
Replies: 15
Views: 688

Re: Beneficiaries/TOD for Vanguard Joint Account

I tried to add beneficiaries or assign TOD to our Vanguard joint account, but was told that they don't allow beneficiaries with joint accounts, and that the account defaults to the survivor if one of the account owners dies. But my question is what happens if both owners die; I assume that it has t...
by HueyLD
Sat Apr 01, 2017 1:43 am
Forum: Personal Finance (Not Investing)
Topic: Tax question
Replies: 18
Views: 1488

Re: Tax question

I moved from the west to east coast early last year for a job. My husband used a relocation company to plan my move. They directly paid the relocation company and then added their cost to my income in my W2 . They told me that they paid tax for that amount so it is a benefit for me tax-free. Howeve...
by HueyLD
Fri Mar 31, 2017 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: AB Trust - Post American Taxpayer Relief Act of 2012
Replies: 7
Views: 448

Re: AB Trust - Post American Taxpayer Relief Act of 2012

By including some assets of the B trust in the wife's estate (let's assume that she is the second to die), the basis can be steped up without having to transfer it to the A trust. Typically one would pick those with the most capital gains (lowest cost basis). The AB Disclaimer trust does look very i...
by HueyLD
Fri Mar 31, 2017 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone Familiar w/ Uber/Lyft Taxation?
Replies: 7
Views: 850

Re: Anyone Familiar w/ Uber/Lyft Taxation?

Sounds like a good plan.

I think that $2,300 appears to be the commission taken by Uber and $1,500 consists of other fees paid by Uber on drivers' behalf. They should both be deductible IMO.
by HueyLD
Fri Mar 31, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: AB Trust - Post American Taxpayer Relief Act of 2012
Replies: 7
Views: 448

Re: AB Trust - Post American Taxpayer Relief Act of 2012

CaliJim, California state law may or may not allow this, and you need to ask your estate planning attorney for CA specific issues. In my state, the surviving trustor (your wife, as an example) can have a "general power of appointment" exercisable only by her will which specifically refers ...
by HueyLD
Fri Mar 31, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone Familiar w/ Uber/Lyft Taxation?
Replies: 7
Views: 850

Re: Anyone Familiar w/ Uber/Lyft Taxation?

I found this guidance to be quite useful https://www.hrblock.com/pdf/Partner-Facing-Guide-FAQ-Combined.pdf Form 1099-K is used to report payments you received from riders. This includes gross fares in addition to the expenses that Uber paid for on the your behalf , which is broken down on the Tax Su...
by HueyLD
Fri Mar 31, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question
Replies: 18
Views: 1488

Re: Tax question

wrongfunds wrote:How can they be deductible if they were paid by the employer? It seems rather obvious to me!

Because the reimbursement was added to the W-2. If the reimbursement was not added to his W-2, the amount would be nondeductible.

Read the IRS instructions please.
by HueyLD
Fri Mar 31, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Tax question
Replies: 18
Views: 1488

Re: Tax question

I moved from the west to east coast early last year for a job. My husband used a relocation company to plan my move. They directly paid the relocation company and then added their cost to my income in my W2. They told me that they paid tax for that amount so it is a benefit for me tax-free. However...
by HueyLD
Fri Mar 31, 2017 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Filing for Tax Deductions & Credits for Tuition/Grad School
Replies: 19
Views: 656

Re: Filing for Tax Deductions & Credits for Tuition/Grad School

Makes sense; I'll try each form independently and see. What comes out and measure for the best. Thanks again! My recommendations: Do not just "try" each form. Rather, read the IRS form instructions and pub 970. Thre are very different conditions that must be met before a credit or deducti...
by HueyLD
Thu Mar 30, 2017 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Filing for Tax Deductions & Credits for Tuition/Grad School
Replies: 19
Views: 656

Re: Filing for Tax Deductions & Credits for Tuition/Grad School

Using 2106-EZ is the least desirable option because it will be included as misc. itemized deduction and subject to the 2% AGI floor.

The requirement for education related deduction for 2106-EZ is different from (2) and (3). And the general rule of "no double dipping" still applies.
by HueyLD
Thu Mar 30, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Filing for Tax Deductions & Credits for Tuition/Grad School
Replies: 19
Views: 656

Re: Filing for Tax Deductions & Credits for Tuition/Grad School

I assume that the OP meant 1040-EZ, not 2106-EZ.

Item (2) and Item (3) are mutually exclusive. You have to choose one or the other. (2) is usually better than (3) unless you are in a high tax bracket.
by HueyLD
Thu Mar 30, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 157
Views: 9478

Re: When do you plan to die?

I plan to die after I spend the last million dollars of borrowed money.
by HueyLD
Tue Mar 28, 2017 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity issued 1042-S Instead of 1099R. They Refuse to Change it
Replies: 22
Views: 2208

Re: Fidelity issued 1042-S Instead of 1099R. They Refuse to Change it

Good luck. Hope your issue is resolved before year end. In the meantime, just file your tax return using the 1042-S and attach an explanation to your return indicating your unsuccessful efforts in trying to get Fidelity to issue a correct tax form. Does your tax liability change if it's on the 1042...
by HueyLD
Tue Mar 28, 2017 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity issued 1042-S Instead of 1099R. They Refuse to Change it
Replies: 22
Views: 2208

Re: Fidelity issued 1042-S Instead of 1099R. They Refuse to Change it

A few suggestions for you. (1). Send Fidelity a completed form W-9 indicating that you are a U.S. Citizen and not subject to the 30% withholding. (2). If necessary, contact one of the executives Below: EXECUTIVE CONTACTS Primary Contact Hank Kucinski Director of Operations Excellence 245 Summer Stre...

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